Cobram Estate Olives Says Sales for Four Months to November 'Performing Strongly'

MT Newswires Live2024-12-16

Cobram Estate Olives (ASX:CBO) said sales in Australia and the US for the four months to Nov. 30 are "performing strongly," according to a Monday filing with the Australian bourse.

The company said packaged goods sales for the same period are ahead of both budget and the previous year's figures despite a 15% price increase on packaged goods in the US in September, the filing said.

The company produced produced 3 million liters of olive oil during its Californian harvest for 2024, representing a 6.4% decline from 2023.

Cobram Estate Olives has increased its debt facilities with the Commonwealth Bank of Australia (ASX:CBA) by AU$40.8 million, the filing added.

The entire facility is now reclassified as a sustainability-linked loan, with interest savings tied to meeting agreed sustainability targets.

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